31st Jan 2011 07:00
Press release | 31 January 2011 |
Energetix Group plc
("Energetix" or "the Group")
Kingston boiler installed and employee field trial commenced
Energetix Group plc (AIM:EGX), a group of companies with three cost-effective products (Pnu Power, Genlec and VPhase) to meet the growing demand for alternative energy, is pleased to announce that having achieved CE certification for its high efficiency condensing Kingston boiler, its subsidiary Energetix Genlec Limited ("the Company") has now successfully completed the installation of the first device and commenced trials.
CE certification was achieved on 27 January 2011; Energetix Genlec Limited is now registered as a Gas Safe company and has already installed the first unit in an employee's home. The installation and commissioning went smoothly and was completed within a working day.
Further staff home installations will be undertaken over the coming weeks, enabling the Company to collect a wide range of data on the performance of the Kingston appliance. As a heat-led appliance, the Kingston boiler is a direct replacement for existing wall mounted boilers. It is expected that on completion of CE certification of the Kingston power module, these installations will be upgraded to full microCHP appliances.
Adrian Hutchings, CEO of Energetix Group, commented: "We are very pleased to have completed this installation so soon after the certification was achieved, which demonstrates the excellent rate of progress that the Company is making. We will now be able to gather further detailed data about the operation of the appliance and the heating system to enable us to optimise the commercial proposition of our microCHP product."
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For further information:
Energetix Group plc |
|
Adrian Hutchings, Chief Executive Officer | Tel: +44 (0) 151 348 2111 |
| www.energetixgroup.com |
Ambrian Partners Limited | +44 (0) 20 7634 4700 |
Andrew Craig / Ben Wright, NOMAD | www.ambrian.com |
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Media enquiries
Abchurch Communications Limited | +44 (0) 20 7398 7710 |
Sarah Hollins / Joanne Shears / Quincy Allan |
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www.abchurch-group.com |
About Energetix Group plc
Energetix Group plc has three businesses with cost-effective products to meet the growing global demand for alternative energy. With a focus on distributed generation, energy storage and energy efficiency, the Energetix businesses are:
·; Energetix (Pnu) Power Limited - compressed-air back-up power;
·; Energetix Genlec Limited - distributed generation in the home; and
·; VPhase plc - domestic energy efficiency.(c.43% owned by the Group)
Energetix's strategy is to create products based on robust engineering principles, regularly utilising existing mass-produced components configured in a novel and patentable way. Avoiding cutting-edge science has enabled the Group's businesses to de-risk the new product development process which in turn reduces development time and costs. This has enabled the businesses to have a lower-than-normal technology risk while still producing strong intellectual property. In addition, this facilitates the outsourcing of production and assembly, significantly reducing the Group's investment in capital equipment. The body of know-how developed within the Group has also enabled the businesses to modify the design of existing mass-produced components to reduce costs, improve efficiency and strengthen the Group's intellectual property position.
Energetix Group joined AIM in August 2006. The Group and its subsidiaries and associates are all based near Chester, NW England.
www.energetixgroup.com
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